Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Bearish
Solana Losses Ground, Drops Below $137 As Bearish Momentum Builds
Solana has started another decline, falling below the $137 support level, signaling that bearish momentum is gaining traction. The once-promising uptrend has faltered, leaving traders and investors wondering if more losses are on the horizon. As selling pressure intensifies, the question now is whether Solana can find a new foothold or if the bears will continue to push its price lower. In this analysis, we’ll provide an in-depth analysis of Solana’s recent breakdown below this key support level, examining the…
9 months ago
XRP Price Falls Below Support, Bearish Momentum Builds
XRP price started another decline from the $0.5980 zone. It is gaining bearish momentum and might drop below the $0.5500 support zone. XRP price failed to clear the $0.60 resistance zone and trimmed gains. The price is now trading below $0.5720 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $0.5850 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline heavily if there…
9 months ago
Is DogWifHat (WIF) The “Most Bearish” Of All Major Meme Coins?
Meme coins have been sliding in recent weeks. According to Coingecko, all meme coins’ total market cap is around $42 billion. Dogecoin remains the most valuable, with a market cap of over $15.4 billion, followed by Shiba Inu, which has a market cap of around $8 billion. It has been a turbulent few trading months for meme coins, whose valuation is down from over $65 billion in Q2 204. WIF Struggling, Is This The “Most Bearish Meme Coin”? Though Bitcoin…
9 months ago
Quant (QNT) and Mpeppe (MPEPE) Two Cryptos That Swang Away From The Bearish Market Both Predicted to 150x By Experts
In a year marked by market volatility and a bearish trend across many cryptocurrencies, two standout projects have managed to defy the odds: Mpeppe (MPEPE) and Quant (QNT). Experts predict that both cryptos could see a 150x increase in value, making them attractive investment opportunities for traders and investors alike. While Quant (QNT) is known for its technological innovation in blockchain interoperability, Mpeppe (MPEPE) is making waves by fusing sports passion with blockchain technology and meme culture. Mpeppe (MPEPE): A…
9 months ago
A Bearish Sentiment Runs Around The ETH Community Mpeppe Becomes Their Profit Haven
As the cryptocurrency market navigates through uncertain waters, Ethereum (ETH) has been facing a bearish sentiment, with market fluctuations and dwindling confidence among investors. Amid this, a surprising contender, Mpeppe (MPEPE), has emerged as a beacon of hope, drawing investors seeking profits amidst Ethereum’s turbulent phase. The Bearish Turn for Ethereum (ETH) Ethereum (ETH), once hailed as the “Swiss Army knife” of the blockchain, has been experiencing significant outflows from its spot ETFs in recent weeks. A wave of sales…
9 months ago
ChatGPT Sees Massive Bullish Prospects On New DeFi Token Amid Bearish Turns On DOGS And PEPE
The bearish nature of the market has seen investors and traders move strategically toward capital preservation. Examples of top crypto coins experiencing a downtrend include DOGS and PEPE. Despite the bearish nature of the market, a new DeFi token is creating bullish prospects and profitable ROI for investors. Read on as we unveil this mystery DeFi project! ChatGPT Spotlights FXG as the New DeFi Bullish Prospect FXGuys is a decentralized FX ecosystem designed to empower traders with real capital and…
9 months ago
Quant and Mpeppe Successfully Push Forward In Current Bearish Market
In a market defined by uncertainty and volatility, Quant (QNT) and Mpeppe (MPEPE) are standing out as rare success stories, pushing forward despite the broader bearish trends. As the cryptocurrency landscape continues to face turbulence, both of these tokens have shown remarkable resilience, each for very different reasons. Let’s explore how Quant (QNT) and Mpeppe are navigating the current market conditions and why they’re gaining attention from savvy investors. Quant Defies the Market Downturn with Strong Fundamentals Quant (QNT) has proven itself to be a…
9 months ago
Ethereum Struggles To Fight Bearish Trend As Optimism (OP) Makes Moves Against Downtard Pressure
Ethereum (ETH) has faced significant challenges recently, grappling with bearish market trends that have left many investors uncertain. However, new developments in layer-2 solutions such as Optimism (OP) and emerging meme coin projects like Mpeppe (MPEPE) are offering some hope. These projects provide innovative solutions that could alleviate Ethereum’s struggles while fostering greater efficiency and community engagement. As Ethereum (ETH) seeks to overcome its scalability and cost challenges, layer-2 protocols like Optimism (OP) are stepping in with promising solutions. At…
9 months ago
Bitcoin Rainbow Chart Forecasts An End To Bearish Headwinds With $60,000+ Target
Crypto analyst Daan Crypto has highlighted a Bitcoin Rainbow Chart, which has provided insights into the crypto’s current price action. The analyst also suggested that Bitcoin needs to hold above $60,000 to make a bullish reversal. Bitcoin Needs To Break Above $60,000 In an X (formerly Twitter) post, Daan Crypto suggested that Bitcoin needs to break above $60,000 to enjoy a bullish reversal and possibly reach new highs in this market cycle. The crypto analyst noted that Bitcoin was still…
9 months ago